Madison times. (Tallulah, Madison Parish, La.) 1884-1???, 1887-07-09
ARTICLE FIFTH.

IN j = .i4fr y III.
The business and affairs of said ?ar-
pcTauon shal. he under the Raue:vls-
ION anu rlanaG "reEt # 4 Board Of Di-
rector COMO .td II tCckh0lders TO he
elected annually 90 the FIRST Monday
IN May Of eech year. said election sLgf,
be by ballot ana conducted st the Office
Of said corpGsatior. AMI The directors
then elected, shall serve until their
successors shall nave been elec; ed. A
majority u the votes cast shall elect
anC each share Of stock shall be emit
TIED tG ono vote, eithe! il person or by
proxy.
ANY vacancy occurring in said Board
from any cause whatever, shall be filled
0y election by the remaining directors:
iour directors shall constitute n
quorum for the transaction ofbusiuaas,
and sad bOard Of Directors at their
hrst meeting III each year, shall el ..ct
out or thef own number = Pgpsi-
oent, VINO small be CI-Ofiicio the Treas.
urer, a wee President who shall re cy-
offiiclo, the Secretary, and en- attorney
foI the company. The President and
Nicc-President shall appoint from time
to time, such officers, managers. ovrT-
atOrs, and other agents as NAV be
deemed necessary for the business and
purposes Of sad corporation, and dis
liIss the same at pleasure, and' said
directors shall have full power and an
taOrity to make and establish as well
AZ Change or amend and alter all by
laws, rules ana regulations for the sup
port ana management OF the affairs
and 'hGs.ness Of sad corpsra;.on.
ARTICLE SIXTH.
Whenever this CGrrcrGt;0l - dis |
cf,4 a, ! ,,rT > J., b.
other cause, It's affairs shall be lian!- =.
GATED under tue Superintendent nCi
three stockholders 10 he APPOINTED for /
hat r!rpcse at coarrai meeting Of I
the stocHnGt1ierS, convened after thirty
lays prior notice, aud with the assent
III the majority in amount of the cant
lal stock, said commissioners shall re-
main n Office until the affairs of said
corporation shall have been fully liuni-
lated and in case Of the death OF one
'r more OF said comm 5sioners, the sur
'lvor or survivors shall continue to
lct.
ARTICLE SEVENTH.
ms act of corporation NAV be
modified or altered, or said
corporation may De d;ssolved with the
'sseht OF majority III amount of the
apltai stock thereof, at any general
Meeting of the Stockholders Of ssid
0rporatiOn convened in- such yurroses
liter thirty days previous notice OIL
uch meeting Shall have been publish
parishes. wv
ARTICLE EIGHTH.
NO stocShO,der shall ever be he'll! L.
pie or responsible for the contracts or
luiIs or hegiects Of said corporation
u any furiher sum than the unpaid
aiahce due on the shares of stock
wred 10y him. 0'''"
nor shGH any mere infcrmaiity in
Isanlzatlon have the effect of render
ig the charter null, or of exposing a
tooEhclfer a. any liability beyond the
mount Of his stock.
I'll he.ii.'.o'i SSS on private business
nan be allowed by the Board OF Di
ectOrs
ARTICLE NINTH.
There shall be a regular ANIMAL
!eeting of the Directors On the rh;ri
londay of each Nay at the aomiciie oil
re company.
The President may call r meat;ry
ter ten days notice to each director
henever necessary, OF when an apnIi.
Ition, therefor shall be signed by any
nr OF the Directors.
me votes OF Directors shall be in
'Fson o: by written proxy.
Ana by vote If q majority of all the
rectors this ii'e may De extended to
aterproof OF beyond, if the capital
Ock be subscribed therefor.
ARTICLE TENTH.
me following officers and Board Of
reotors have been chosen bv the
)ckhoiders to serve rs such until the :,
st Monday IN MsylssS. N untii their =
eeesso-s she,i bage beer eleetss9